Stocks Post Negative Weekly Return Led By Tech

Here is a daily recap of the S&P 500 broken down by sector followed by sector heat map as stocks post negative weekly return led by tech. Stocks in heat map are based on the top 10 holdings of each sector ETF. Click on each picture to zoom in. Below is a summary of today’s action on Wall Street provided by CNBC:

US stocks set to open lower amid Brexit turmoil; economic data ahead

U.S. stock index futures indicated a slightly lower open Friday morning as investors look ahead to fresh economic data and monitor political developments overseas. At around 4:00 a.m. ET, Dow futures were down 37 points, indicating a slightly lower open of 18.27 points. The Nasdaq and S&P futures also pointed to slightly lower opening trades.

The S&P 500 (SPY) gained +0.22% today. Sector advancers led decliners 7 to 4 as shown below in the sector graph. Utilities (XLU) led advancers with a +1.54% gain. Energy (XLE), healthcare (XLV), materials (XLB) and real estate (XLRE) each added more than 1%. Consumer staples (XLP) and financials (XLF) each had minor gains of less than 1%. Communication services (XLC), consumer discretionary (XLY), industrials (XLI) and technology (XLK) each had small losses of less than 1%.

The Dow Jones index moved up +123 points (+0.49%) to close at 25,413. The Nasdaq subtracted 11 points (-0.15%) to settle at 7,247.

Stocks Post Negative Weekly Return Led By Tech

Stocks continued their downturn, posting deep in the red losses for the week led by technology. Tech giants like Apple, Amazon, Facebook, Netflix and Nvidia all had a disappointing week with losses. Stocks hit their session highs after President Trump said he was hopeful that the US and China will strike a deal on trade. 

Key Takeaways…

I took the following CNBC screenshots this morning regarding stocks: where are we? and sector performance week to date:

Stocks Post Negative Weekly Return Led By Tech

Stocks Post Negative Weekly Return Led By Tech

The following video clip is from CNBC’s Jim Cramer, suggesting the economy might be slowing down based on his recent conversations with major CEO’s:

Cramer says CEOs are telling him off the record the economy has quickly cooled

Company leaders across industries are telling Jim Cramer – off the record – that they’re worried about a slowdown in the U.S. economy, Cramer said Thursday on CNBC. “So many CEOs have told me about how quickly things have cooled,” the “Mad Money” host said.

Notable S&P Movers…

Below I’ve highlighted some notable S&P movers (both winners & losers).

Credit: Sector Graph provided by Sector SPDR app. Sector breakdown provided by Charles Schwab. Sector heat map provided by finviz. Information Credit: News Headlines and quotes were taken from CNBC in the writing of this post.

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11/16/18

S&P 500 Sector Graph

Stocks Post Negative Weekly Return Led By Tech

S&P 500 (SPY)

Stocks Post Negative Weekly Return Led By Tech

Communication Services (XLC)

Stocks Post Negative Weekly Return Led By Tech

Consumer Discretionary (XLY)

Stocks Post Negative Weekly Return Led By Tech

Consumer Staples (XLP)

Stocks Post Negative Weekly Return Led By Tech

Energy (XLE)

Stocks Post Negative Weekly Return Led By Tech

Financials (XLF)

Stocks Post Negative Weekly Return Led By Tech

Real Estate (XLRE)

Stocks Post Negative Weekly Return Led By Tech

Healthcare (XLV)

Stocks Post Negative Weekly Return Led By Tech

Industrials (XLI)

Stocks Post Negative Weekly Return Led By Tech

Materials (XLB)

Stocks Post Negative Weekly Return Led By Tech

Technology (XLK)

Stocks Post Negative Weekly Return Led By Tech

Utilities (XLU)

Stocks Post Negative Weekly Return Led By Tech

S&P 500 Sector Heat Map

Stocks Post Negative Weekly Return Led By Tech

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